🔥 Avalanche (AVAX) Just Exploded 326% in Monthly Transactions — But a Bearish Breakdown Could Be Next 📉
The AVAX rocket 🚀 is firing on all cylinders this week:
📊 Transactions up 326% in 30 days
👥 Active addresses jumped 312%
💵 Network fees surged 193%
💰 Stablecoin market cap hit $2.1B — highest since Feb 2025
⚽ FIFA chooses Avalanche for NFTs
AVAX Price Today: $20.65 (+12%) 💚
That’s after bouncing from its weekly low. But not everything's bullish...
⚠️ The Bear is Lurking Behind the Charts
📉 AVAX formed a double-top at $55.20 — a major bearish signal
📊 Currently above key neckline at $17.50
🚩 Bearish flag pattern forming
📉 Below both 50-week & 200-week WMAs
🔮 Next possible target if breakdown occurs? $15 (-27%) 😨
🤔 So What’s Going On?
AVAX is booming in ecosystem growth 💥:
$131M in DEX volume in just 24hrs 📈
Millions in NFT sales thanks to FIFA ⚽
But technical indicators are flashing red 🚨
💬 Trader Takeaway:
"AVAX fundamentals are fire 🔥 but the charts whisper winter ❄️. Watch for a pullback before chasing green."
#Avalanche #AVAX #CryptoNews #Layer1 #FIFA